Wednesday, December 2, 2020

Edward, EURUSD Analysis +100

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Forex Trend Analysis Report

Prepared for Edward on Wednesday, December 2, 2020.

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Euro/US Dollar (FOREX:EURUSD)

Strong Uptrend (+100) - EURUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid EURUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURUSD. Our Trade Triangles Technology make technical analysis as easy as buy and sell.

FOREX_EURUSD
Open High Low EURUSD Price Change
1.20753 1.20875 1.20402 1.20680 -0.00073
Entry Signal

Know when to ride the trend and when to capture profits - Learn about MarketClub's Trade Triangle Technology

MarketClub’s Trade Triangles for EURUSD

long-term up The long-term trend has been UP since Jul 14th, 2020 at 1.14215500
intermediate term up The intermediate-term trend has been UP since Nov 6th, 2020 at 1.18795000
short term up The short-term trend has been UP since Nov 24th, 2020 at 1.19055000

Smart Scan Analysis for EURUSD

Based on our trend formula, EURUSD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+100
Smart Scan Analysis for EURUSD
Strong Downtrend Sideways Strong Uptrend

Open High Low Price Change
1.20753 1.20875 1.20402 1.20680 -0.00073
Prev. Close Volume Bid Ask Time
1.20753 2020-12-02 09:36:26

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